Order intake and sales at 30 September 2020
Thales (Euronext Paris: HO) announced today its order intake and sales for the period ending 30 September 2020.
Patrice Caine, Chairman & Chief Executive Officer, commented:
"After the unprecedented disruptions to Q2 2020 caused by the Covid-19 pandemic, sales in Q3 improved significantly thanks to the efforts of Thales teams worldwide. All business lines – with the exception of civil aeronautics – illustrated the Group's resilience in the face of this crisis. Unsurprisingly, civil aeronautics sales were down sharply in Q3, by around 45%.
Q3 order intake was in line with our expectations, and a number of large contracts, especially in defence and the space domain, are being finalised.
Against a backdrop of considerable economic and public health uncertainty, all the teams remain committed to implementing the global adaptation plan, which is expected to generate savings of some €800 million in 2020. We confirm all our financial objectives for the year."
• Order intake: €9.2 billion, down 12% (-18% on an organic basis [1])
• Sales: €11.7 billion, down 5.6% (-10.5% on an organic basis)
• Marked improvement in sales in Q3:
- Total organic change: -4.3% (-19.9% in Q2)
- Organic change excluding aeronautics: +1.5% (-14.8% in Q2)
• All 2020 financial objectives confirmed
Order intake (in € millions) |
9 months |
9 months |
Total |
Organic change |
|
Aerospace |
2,268 |
2,625 |
-14% |
-13% |
|
Transport |
805 |
868 |
-7% |
-6% |
|
Defence & Security |
3,853 |
5,270 |
-27% |
-27% |
|
Digital Identity & Security |
2,227 |
1,621 |
n.m. |
-4% |
|
Other |
27 |
62 |
- |
- |
|
Total |
9,181 |
10,445 |
-12% |
-18% |
|
Sales (in € millions) |
|
||||
Aerospace |
2,898 |
3,787 |
-23.5% |
-23.3% |
|
Transport |
1,102 |
1,268 |
-13.1% |
-12.3% |
|
Defence & Security |
5,469 |
5,670 |
-3.6% |
-3.3% |
|
Digital Identity & Security |
2,201 |
1,631 |
n.m. |
-4.2% |
|
Other |
46 |
54 |
- |
- |
|
Total |
11,714 |
12,410 |
-5.6% |
-10.5% |
We are pleased to invite you to participate in our conference call in English:
Thursday,22 October 2020 at 8:30 am (CET)
Dial-in the following number from:
Standard international |
+44 (0) 2071 928338 |
United Kingdom (Local) United States, N.Y (Local) |
+44 (0) 8444 819752 +1 646741 3167 |
France, Paris |
+33 (0) 1 70 70 07 81 |
+ Passcode: to communicate to the operator |
5161688 |
It will be also possible to follow the conference call through a webcast by using the following link:
https://edge.media-server.com/mmc/p/2vokkurq
If you are unable to listen to the call live through the Webcast a replay will be available one hour after the end of the event, and will remain available for 12 months. To access the replay, please use the aforementioned link.
Note
[1] “Organic” means at constant scope and currency. See note on methodology on page 33 of the 2019 universal registration document, and calculation on page 7 of this press release